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CURRENT RATIO, DEBT TO EQUITY RATIO, RETURN ON EQUITY, FIRM SIZE, DIVIDEND PAYOUT RATIO, AND GREEN ACCOUNTING ON STOCK RETURN IN LQ45 COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE 2017-2021 PERIOD Renaldo, Nicholas; Octavellyn, Shierly; Suhardjo, Suhardjo; Junaedi, Achmad Tavip; Yovita, Indri; Napitupulu, Ryan Pardomuan
Bilancia : Jurnal Ilmiah Akuntansi Vol 8 No 4 (2024): Bilancia : Jurnal Ilmiah Akuntansi
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/bilancia.v8i4.4694

Abstract

The purpose of this study was to determine the effect of the current ratio, debt-to-equity ratio, return on equity, firm size, dividend payout ratio, and green accounting on stock returns of LQ45 companies listed on the Indonesia Stock Exchange for the 2017-2021 period. This study uses a quantitative approach. The population in this study were all LQ45 companies listed on the IDX for the 2017-2021 period, totaling 45 companies. Using the purposive sampling method, the sample in this study was set at 45 companies. The data collection technique in this study is to use the documentation method. Data analysis using regression with the help of Smart PLS. The results of this study indicate that the current ratio, debt-to-equity ratio, return on equity, firm size, and green accounting have no significant negative effect on stock returns, while the dividend payout ratio has a significant negative effect on stock returns of LQ45 companies listed on the Stock Exchange Indonesia for the 2017-2021 period. Suggestions for companies are expected to be able to manage each of the company's assets to gain profits so that they can increase stock prices which will affect the company's stock returns. Tujuan penelitian ini adalah untuk mengetahui pengaruh current ratio, debt to equity ratio, return on equity, firm size, dividend payout ratio, dan green accounting terhadap return saham perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia periode 2017-2021. Penelitian ini menggunakan pendekatan kuantitatif. Populasi dalam penelitian ini adalah seluruh perusahaan LQ45 yang terdaftar di BEI periode 2017-2021 yang berjumlah 45 perusahaan. Dengan menggunakan metode purposive sampling, sampel dalam penelitian ini ditetapkan sebanyak 45 perusahaan. Teknik pengumpulan data dalam penelitian ini adalah dengan menggunakan metode dokumentasi. Analisis data menggunakan regresi dengan bantuan Smart PLS. Hasil penelitian ini menunjukkan bahwa current ratio, debt to equity ratio, return on equity, firm size, dan green accounting tidak berpengaruh negatif signifikan terhadap return saham, sedangkan dividen payout ratio berpengaruh negatif signifikan terhadap return saham perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia periode 2017-2021. Saran bagi perusahaan diharapkan dapat mengelola setiap aset perusahaan untuk memperoleh laba sehingga dapat meningkatkan harga saham yang akan mempengaruhi return saham perusahaan.
Conceptual Model of Leadership Style, Work Environment and Compensation on Job Satisfaction and Teacher Performance Nyoto; Sudarno; Sriadmitum, Ike; Renaldo, Nicholas; Hutahuruk, Marice Br
Interconnection: An Economic Perspective Horizon Vol. 1 No. 1 (2023): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v1i1.3

Abstract

This study aims to analyze the determination of the leadership style of the work environment and compensation on job satisfaction and performance of public high school teachers in Tandun and Ujung Batu sub-districts. The motivation for this research is to form a research model in the field of education, especially teacher satisfaction and performance. This research is quantitative research by distributing questionnaires to respondents. The population in this study were all public high school teachers in Tandun and Ujung Batu sub-districts. The sample selection technique uses the census method. The sample in this study amounted to 90 respondents. Data analysis techniques use the Smart PLS application. The conclusion of this study is that the conceptual model can be used to test the model of job satisfaction and teacher performance. Recommendations for subsequent research are to use the conceptual model that has been made and test the hypothesis on current research objects and other research objects.
How Firm Characteristics Affect the Dividend Policy of Listed Banking Companies on The Indonesian Stock Exchange in 2019-2021 Saitri, Putu Wenny; Mendra, Ni Putu Yuria; Pramesti, I Gusti Ayu Asri; Renaldo, Nicholas
Interconnection: An Economic Perspective Horizon Vol. 1 No. 1 (2023): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v1i1.13

Abstract

This study aims in this study to determine the effect of profitability, managerial ownership, liquidity, company size, and debt policy on dividend policy. The population in this study is the population in this study, namely all banking companies registered on the Indonesia Stock Exchange (IDX) in 2019-2021, namely 46 banking companies with a total sample of 41 companies determined by the purposive sampling method. The data analysis technique used in this study is multiple linear regression, coefficient of determination, t-test, and F-test. Based on the research results, it can be seen that Profitability has a positive effect on dividend policy in banking companies listed on the Indonesia Stock Exchange in 2019-2021. Managerial Ownership and Debt Policy have a negative effect on dividend policy in banking companies listed on the Indonesia Stock Exchange in 2019-2021. Meanwhile, Liquidity and Company Size Have No Effect on Dividend Policy in banking companies listed on the Indonesia Stock Exchange for 2019-2021. The adjusted R square value in this study is still not strong, namely 0.442 or 44.2% so further research is expected to be able to increase the adjusted R square value by examining and adding other variables which in theory have an influence on dividend policy. The advice that can be given by researchers is that in the future the company is expected to be able to increase its profitability so that later the company is able to distribute high dividends to its investors.
Implementation of Digital Accounting on the Effectiveness of Corporate Social Responsibility and Environmental, Social, and Governance Reporting Suhardjo, Suhardjo; Wati, Yenny; Renaldo, Nicholas; Musa, Sulaiman; Cecilia, Cecilia
Interconnection: An Economic Perspective Horizon Vol. 2 No. 1 (2024): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v2i1.90

Abstract

This study delves into the role of digital accounting systems in enhancing the quality and effectiveness of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) reporting. Findings indicate that digital accounting substantially improves reporting accuracy, timeliness, and transparency, enabling organizations to meet stringent regulatory standards and foster trust among stakeholders. Tools such as blockchain, ERP systems, and AI-driven analytics have streamlined the collection and processing of sustainability data, making reports more actionable and aligned with global benchmarks like GRI and SASB. Nevertheless, challenges such as high costs, data security issues, and organizational resistance were identified as barriers to widespread adoption. Addressing these challenges can further unlock the potential of digital accounting systems in driving sustainable business practices and enhancing corporate accountability.
Integration of Internet of Things and Digital Accounting Systems for Marine Resources Monitoring Renaldo, Nicholas
Interconnection: An Economic Perspective Horizon Vol. 2 No. 1 (2024): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v2i1.91

Abstract

This study explores the integration of Internet of Things (IoT) technologies and digital accounting systems in marine resource management, providing insights into how these technologies can improve operational efficiency, enhance sustainability, and optimize resource usage. The research follows a case study design with qualitative approach, which allows for an in-depth examination of the integration of IoT and digital accounting in specific marine industries, such as fisheries, aquaculture, and maritime logistics. The findings reveal that IoT is already being used for real-time environmental monitoring in industries like fisheries, aquaculture, and maritime transport, while digital accounting systems are primarily employed for financial and operational management. However, the integration of IoT data with digital accounting is still in its early stages, and challenges such as technical barriers, data overload, and system compatibility must be addressed to fully realize the potential of these technologies.
Tri Hita Karana Philosophy in Ethical Leadership of Village Credit Institutions Pramesti, I Gusti Ayu Asri; Renaldo, Nicholas
Nexus Synergy: A Business Perspective Vol. 1 No. 2 (2023): Nexus Synergy: A Business Perspective
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/nexus.v1i2.41

Abstract

Bali has several institutions based on cultural values, traditions and customs. Tri Hita Karana is a basic concept used by indigenous people in Bali as a guide in living life. The concept of Tri Hita Karana is also a foundation in organizations, one of which is the Village Credit Institution (LPD) in Bali. The Village Credit Institution is an institution formed by the village that functions to manage village finances with the aim of improving welfare. The success of LPD cannot be separated from the ethical role of the leaders. This article aims to provide an understanding of the philosophy of Tri Hita Karana in ethical leadership from the perspective of the philosophy of science ontology, epistemology, and axiology.
The Use of ANOVA in Comparative Analysis of Exchange Rates in Indonesia Renaldo, Nicholas; Vomizon, Rodle; Nuonnad, Diaz Othman; Okšav, Nitram; Hilas, Rajah Abdulqadir
Nexus Synergy: A Business Perspective Vol. 1 No. 2 (2023): Nexus Synergy: A Business Perspective
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/nexus.v1i2.47

Abstract

The aim of research regarding the use of Analysis of Variance (ANOVA) in comparative analysis of exchange rates in Indonesia is to analyze differences in foreign currency exchange rates. This research uses ANOVA analysis to determine differences in exchange rates in Indonesia. The research results show that the calculated F value is less than the F table, showing that the difference between the groups is not statistically significant. In the context of foreign currency at BCA, BI, BNI, and KMK, based on the analysis results, there is no significant difference between the foreign currency exchange rates at these banks. It is hoped that future research can use other methods to measure exchange rate differences more precisely, such as Two Way ANOVA or other statistical methods.
A Qualitative Study of Harnessing Entrepreneurial Leadership for Sustainable Growth Renaldo, Nicholas; Suhardjo, Suhardjo; Musa, Sulaiman; Cecilia, Cecilia; Veronica, Kristy
Nexus Synergy: A Business Perspective Vol. 1 No. 4 (2024): Nexus Synergy: A Business Perspective
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/nexus.v1i4.87

Abstract

The primary aim of this qualitative study is to explore the mechanisms through which entrepreneurial leadership can be leveraged to promote sustainable growth within organizations. This study contributes to the existing literature in several novel ways: Focused Qualitative Inquiry, Contextualized Exploration, Practical Implications, and Development of variable dimensions and indicators. Given the exploratory nature of the research questions and the need to understand complex phenomena in-depth, a qualitative research design is adopted. Organizations are selected purposively based on their reputation for entrepreneurial leadership and commitment to sustainability. Qualitative data from interviews, focus groups, and document analysis are analyzed thematically to identify recurring patterns, themes, and categories related to entrepreneurial leadership and sustainability (Thematic Analysis). The findings underscore the importance of visionary leadership, strategic alignment, and stakeholder engagement in advancing sustainability goals and fostering resilience in the face of evolving challenges. By leveraging their creativity, resilience, and strategic acumen, entrepreneurial leaders can navigate complex sustainability landscapes, driving innovation, and value creation while balancing competing priorities and stakeholder interests.
Determining Conceptual Model of Employee Satisfaction and Performance of PT Agung Automall in Soekarno Hatta Pekanbaru Putra, Rizaldi; Farnila, Vera; Suyono; Tjahjana, Dominicus Josephus Swanto; Renaldo, Nicholas
Luxury: Landscape of Business Administration Vol. 1 No. 1 (2023): Luxury: Landscape of Business Administration
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/luxury.v1i1.20

Abstract

Human resources are an important asset for the sustainability of an organization or company. Employees with job satisfaction and quality performance will have a positive impact on the company. Therefore PT. Agung Automall at Soekarno Hatta Pekanbaru is very focused on increasing job satisfaction and performance. All of this will certainly have an impact on the sales results made by the company every year. To increase job satisfaction and performance at PT. Agung Automall in Soekarno Hatta Pekanbaru, researchers think it is necessary to do a research analysis on how much positive impact commitment, organizational culture, motivation, leadership style has on job satisfaction and performance at PT. Agung Automall at Soekarno Hatta Pekanbaru. The purpose of the analysis is to determine the appropriate model for determining job satisfaction and performance. In conducting the analysis, the researcher will collect data first, the data collection technique used is to conduct a survey in the form of a questionnaire, where the questionnaire contains questions from each analyzed variable. Data analysis was carried out using Variation Analysis which was processed using SPSS 19.0 and AMOS 21 software. The targeted output of the analysis was that the company would be able to easily find out the weaknesses and strengths of the current company in terms of job satisfaction and performance. related to the company's achievements every year.
Customer Satisfaction with Online Food Delivery Services Suhardjo, Suhardjo; Renaldo, Nicholas; Sevendy, Tandy; Wahid, Nabila; Cecilia, Cecilia
Luxury: Landscape of Business Administration Vol. 1 No. 2 (2023): Luxury: Landscape of Business Administration
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/luxury.v1i2.27

Abstract

The rapid growth of online food delivery services in Indonesia, especially in Pekanbaru, has led to changes in consumer behavior. As a result, companies need to focus on various factors that can enhance customer satisfaction. This study investigates how service quality, promotional activities, and the user-friendliness of the delivery app impact customer satisfaction within this context. Sampling was conducted using a non-probability technique due to the unequal opportunity for all individuals to be part of the sample. The Roscoe approach was used to determine the sample size, resulting in 150 respondents. Data was collected through a questionnaire using a 5-point Likert scale, and analysis was performed using multiple linear regression and the SPSS 21 software. The findings of the study demonstrate that service quality, promotions, and ease of using the app all have a significant influence on customer satisfaction.
Co-Authors Achmad Tavip Junaedi Agus Hocky Ahmad Rafa'i Alan Alfred Yang Alkhairi, M. Habib Aminuyati Amries Rusli Tanjung Amries Rusli Tanjung Amy Hughes Andi Andi Andi Andi Andi Andi Andi Anggi Firmansyah Anton Anton Anton Anton Anton Aprilia, Bord Nandre Arlia Arlia, Arlia Asri Ady Bakri Augustine, Yvonne Cecilia Cecilia Cecilia Cecilia, Cecilia Dadi Komardi Dalil, M Dalil, M. Dania Ayu Lestari Darmasari, Ria David David David David Dhea Anggelina Dilahk Yladbla Dodi Sofyan Arief, Dodi Sofyan Dwi Kirtapati Rozalia Eddy, Pujiono Efi Rofianto Hia Elvina, Vivi Emiliana Shania Meta Nahak Endah Prawesti Ningrum Eny Retna Ambarwati Ermina Rusilawati Fadrul Fadrul Fadrul, Fadrul Farnila, Vera Fazal Mohamed Mohamed Sultan Fitri Yani Fitri Yani Fransisca Hanita Rusgowanto Fransisca, Luciana Geovanie, Geovanie Gusrio Tendra Hadi, Syukri Hairudin, Hairudin Haristan, Meiviana Harrison, Edward Harry Patuan Panjaitan Harry Smith Hilas, Rajah Abdulqadir Hinsatopa Simatupang Horsiando, Eric Hutahuruk, Marice Br I Gusti Ayu Asri Pramesti Ida Ayu Putu Sri Widnyani Ienne Yoseria Putri Indri Yovita Intan Purnama Intan Purnama Irwan Irwan Jahrizal James Jelia Juventia Jenny Angelica Jessen, Jessen Komardi, Dadi Koto, Jaswar Kristy Veronica Layla Hafni Luciana Fransisca Luciana Fransisca Mahdi Mahdi Marice Br Hutahuruk Marlim, Yulvia Nora Mary Onasis Hasri Massaguni, Masnita Matthias Schmidt Meyer, Kaspar Mimelientesa Irman Muhammad Adrian Agusta Muhammad Pringgo Prayetno Muhammad Ridwan Mukhsin Mukhsin Munidewi, Ida Ayu Budhananda Musa, Sulaiman Muthmainnah MUTHMAINNAH Nabila Hestia Nabila Wahid Nabila Wahid Namso Ukanahseil Napitupulu, Ryan Pardomuan Ni Putu Yuria Mendra Nicholas, Eric Niken Widyastuti Niken Widyastuti Novita Yulia Putri Nuonnad, Diaz Othman Nuriman M. Nur Nyoto Nyoto Nyoto Nyoto, Nyoto Nyoto, Rebecca La Volla Octasylva, Annuridya Rosyidta Pratiwi Octavellyn, Shierly Okalesa, Okalesa Okšav, Nitram Panggabean, Jessylane Prayetno, Muhammad Pringgo Prihastomo, Arih Dwi Priyono Pujiono Eddy Purba, Jansaris Othniel Purnama, Intan Puspita, Tuwilin Maladewi Putri, Novita Yulia Putu Wenny Saitri Rahman, Sarli Ramadani, Yulita Ramadhani Ramadhani Ramdani Ramdani Rebecca La Volla Nyoto Reilly, William Remy, Adrian Rezenebe Ngameyga Udab Ria Puspitasari Rizaldi Putra Robert David Rusilawati, Ermina Sabrina Sabnah Sally Santoso, Pamuji Hari Sarli Rahman Septi, Iti Setyawan, Onny Sevendy, Tandy Siti Ngatikoh Sofyanto, Sofyanto Sriadmitum, Ike Stevany Stevany Suci Fitria Sari Sudarmanto, Eko Sudarno Sudarno Sudarno Sudarno Sudibyo, Yvonne Augustine Sugiyarti, Listya Suhardjo Suharti Suharti Suharti Suharti Sulaiman Musa Sulaiman Musa Suranto, Agung Surikin Surya Safari SD Susantriana Dewi Susantriana Dewi Sutandijo, Sutandijo SUYONO Suyono Suyono Suyono Suyono Suyono Suyono Syahputra, Hidayat T, Dominicus Josephus Swanto Tandy Sevendy Tandy Sevendy Taylor, John Alexander Teddy Chandra Thaief, Ilham Tjahjana, Dominicus Josephus Swanto Tuti Dharmawati Veronica, Kristy Vomizon, Rodle Wahid, Nabila Wan Muhamad Kudri Wati, Yenny Widi, Rahma Wijaya, Boyke Wijaya, Febriana Wendy Wilda Susanti William William Yu, Hou Yulia Fitri Yuni Shara Sitompul Yusnidar Yusnidar Yusrizal Yusrizal Yusrizal Yusrizal Yusrizal